Bitcoin is only more profitable because Bitcoin has a large community and userbase.
Litecoin doesn't have as much developer support, and one of the only differences is blocktime. We could simply hardfork Bitcoin if we wanted faster blocksize. Truth be told, we don't really need it.
Topic: If LTC is faster than BTC, Why Don't We Use It? (Read 2980 times)
Exchanging fiat for altcoins is not that easy. You want a coin to take off get seven 11 or Macdonalds to sell it. If you make it dead easy for the general public something might happen.
Transfered some BTC from Coinbase and it's taking about five hours to show up. Would LTC
be a faster transfer? I use a LTC wallet on my hard drive.
If LTC is faster than BTC, why don't we use it more?
I think the reason why we don't use LTC more it's because Bitcoins has more profitable and most people used Bitcoins than LTC In my country I don't think if it's well-known. be a faster transfer? I use a LTC wallet on my hard drive.
If LTC is faster than BTC, why don't we use it more?
Transfered some BTC from Coinbase and it's taking about five hours to show up. Would LTC
be a faster transfer? I use a LTC wallet on my hard drive.
If LTC is faster than BTC, why don't we use it more?
be a faster transfer? I use a LTC wallet on my hard drive.
If LTC is faster than BTC, why don't we use it more?
I don't realy see your point of wiev becouse i am able to pay for steam games in 10s... using BTC.
Problem is not in BTC but in echange rules.
BTC vs LTC for me in term of speed in non exiting problem.
BTC was 1st LTC is just copied code that not really add anything new to system.
And what more using BTC we are kicking ass of copy cats coins thas add 0 value to ecosystem.
...
People use BTC over LTC for 1 reason, they are stupid and believe the BTC hype, they end of paying more for transactions because they are stupid.
...
People use BTC over LTC for 1 reason, they are stupid and believe the BTC hype, they end of paying more for transactions because they are stupid.
...
Or maybe they own BTC instead of LTC, and shops want BTC ?
If you want pay penny for transaction i would use DOGE than LTC IMO.
DOGE have stable price and good volume and less fees.
Litecoin is faster than bitcoin because litecoin users is not that many, so their transaction in the blockchain can be easily process without taking so much time, compare to bitcoin, bitcoin users population is growing larger and larger everyday, that is why every transaction of bitcoin in the blockchain take some time because there are so many people Paying and Accepting payment in their bitcoin wallets online. And why don't we use the Litecoin? It's because bitcoin is more valuable on litecoin, and it's price is higher than its price, simple as that.
Hmm,
# of users has absolutely nothing to do with the speed.
LTC has a 2½ minute block speed, BTC has a 10 minute Block speed.
LTC is 4X faster than BTC because of that , user numbers are irrelevant.
Sending $100 worth of BTC OR Sending $100 worth of LTC,
You are still sending $100 worth either way.
Chinese Mining Pools safeguard BTC & LTC , no difference in security.
People use BTC over LTC for 1 reason, they are stupid and believe the BTC hype, they end of paying more for transactions because they are stupid.
It is that simple.
Litecoin is faster than bitcoin because litecoin users is not that many, so their transaction in the blockchain can be easily process without taking so much time, compare to bitcoin, bitcoin users population is growing larger and larger everyday, that is why every transaction of bitcoin in the blockchain take some time because there are so many people Paying and Accepting payment in their bitcoin wallets online. And why don't we use the Litecoin? It's because bitcoin is more valuable on litecoin, and it's price is higher than its price, simple as that.
Not being used now so what i guess it can be used in tbe future. I suppose the problem is many people have btc or they have more info about it plus it has trust. I suppose there are many better crypto which are better than bitcoin but the biggest problem is of course trust and understandable. And now after that onecoin scam i guess it can affect a lot.
Those are the advantages that bitcoin has gained for being a pioneer. When litecoin and other coins emerged, the bitcoin machinery was already underway and the community was well developed. Undoubtedly there may be many better options than bitcoin out there, but only a catastrophic event in the bitcoin ecosystem would cause a massive migration to another coin, and it would not necessarily be litecoin, because as the the bitcoin fell, litecoin would fall too.
It is not about technicalities of a bitcoin that people stick to it, bitcoin is not the most advanced cryptocurrency you can find today.
But I still believe that Bitcoin has the best ideal distribution as it was once worth $0 and no one was promising its users anything.
Also if you are tired of BTC slow confirmation times. I heard that Ripple gets 100% confirmation in ~10 seconds, you can always switch.
But I still believe that Bitcoin has the best ideal distribution as it was once worth $0 and no one was promising its users anything.
Also if you are tired of BTC slow confirmation times. I heard that Ripple gets 100% confirmation in ~10 seconds, you can always switch.
Well ask yourself the simple question: Why is Litecoin faster than Bitcoin?
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
please for the love of god, as a Hero Member do not give terrible answers dude.
cryptocurrenceis are not websites with a server so that "less traffic means higher speed"
the reason why litecoin or any other altcoin is faster than bitcoin is only because of the time between their blocks. for bitcoin this time is (because of the way difficulty works) 10 minutes on medium (medium because it can go up and down) but for coins like litecoin it is lower (i think it is 2.5 min for LTC)
Dude im giving a perfectly okay answer. More volume of transactions: full blocks: takes more time to confirm (unless you are pushing the fee up).
Anyone can understand this, no need to get that technical.
Bottomline is, the more people using it, the slower it is going to be unless you want to pay more to get ahead of the pack in getting your transaction confirmed.
Well ask yourself the simple question: Why is Litecoin faster than Bitcoin?
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
please for the love of god, as a Hero Member do not give terrible answers dude.
cryptocurrenceis are not websites with a server so that "less traffic means higher speed"
the reason why litecoin or any other altcoin is faster than bitcoin is only because of the time between their blocks. for bitcoin this time is (because of the way difficulty works) 10 minutes on medium (medium because it can go up and down) but for coins like litecoin it is lower (i think it is 2.5 min for LTC)
Quote
Litecoin can handle a higher volume of transactions thanks to its faster block generation. If bitcoin were to try to match this, it would require significant updates to the code that everyone on the bitcoin network is currently running.
The disadvantage of this higher volume of blocks is that the litecoin blockchain will be proportionately larger than bitcoin's, with more orphaned blocks.
The faster block time of litecoin reduces the risk of double spending attacks – this is theoretical in the case of both networks having the same hashing power.
A merchant who waited for a minimum of two confirmations would only need to wait five minutes, whereas they would have to wait 10 minutes for just one confirmation with bitcoin.
The disadvantage of this higher volume of blocks is that the litecoin blockchain will be proportionately larger than bitcoin's, with more orphaned blocks.
The faster block time of litecoin reduces the risk of double spending attacks – this is theoretical in the case of both networks having the same hashing power.
A merchant who waited for a minimum of two confirmations would only need to wait five minutes, whereas they would have to wait 10 minutes for just one confirmation with bitcoin.
Is it clear?
Not being used now so what i guess it can be used in tbe future. I suppose the problem is many people have btc or they have more info about it plus it has trust. I suppose there are many better crypto which are better than bitcoin but the biggest problem is of course trust and understandable. And now after that onecoin scam i guess it can affect a lot.
I wonder if Trump decided to throw a couple of hundred million in LTC could he now create a larger position than China and endorse its use?
A LTC miner next to ever American's toaster.
Not being used now so what i guess it can be used in tbe future. I suppose the problem is many people have btc or they have more info about it plus it has trust. I suppose there are many better crypto which are better than bitcoin but the biggest problem is of course trust and understandable. And now after that onecoin scam i guess it can affect a lot.
Transfered some BTC from Coinbase and it's taking about five hours to show up. Would LTC
be a faster transfer? I use a LTC wallet on my hard drive.
If LTC is faster than BTC, why don't we use it more?
You should know is BTC and LTC is different you can't compare both of them, if you think LTC is more faster from BTC why don't you use high fee for your BTC transaction so you can get faster, and the demand is one of another reason why people still love use Bitcoin and will be still love to use BTC, LTC demand is low than BTC. Bitcoin now have many fuctions for currencies in online, for investment and for saving and also for educations. be a faster transfer? I use a LTC wallet on my hard drive.
If LTC is faster than BTC, why don't we use it more?
Well ask yourself the simple question: Why is Litecoin faster than Bitcoin?
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
please for the love of god, as a Hero Member do not give terrible answers dude.
cryptocurrenceis are not websites with a server so that "less traffic means higher speed"
the reason why litecoin or any other altcoin is faster than bitcoin is only because of the time between their blocks. for bitcoin this time is (because of the way difficulty works) 10 minutes on medium (medium because it can go up and down) but for coins like litecoin it is lower (i think it is 2.5 min for LTC)
Dude im giving a perfectly okay answer. More volume of transactions: full blocks: takes more time to confirm (unless you are pushing the fee up).
Anyone can understand this, no need to get that technical.
Bottomline is, the more people using it, the slower it is going to be unless you want to pay more to get ahead of the pack in getting your transaction confirmed.
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One reason why peoples not using litecoin regularly is just because bitcoin is still exist. When bitcoin is gone, litecoin will be dominate crypto currency. We don't use litecoin because the price is under $100, you can look back how bitcoin is not interested when the price is just $5.
And this happen on litecoin. Imho
And this happen on litecoin. Imho
so if bitcoin is gone, i don't think that litecoin will be dominate crypto currency because there are many chance and opportunity for other coins that have big volume than litecoin and i don't think that the other coin will stay and not act because they want to be the king. i think the reason is there are other option to us to select which coin that could give us big profit and there are coins like zec, eth, xmr, etc that can do this.
Well ask yourself the simple question: Why is Litecoin faster than Bitcoin?
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
please for the love of god, as a Hero Member do not give terrible answers dude.
cryptocurrenceis are not websites with a server so that "less traffic means higher speed"
the reason why litecoin or any other altcoin is faster than bitcoin is only because of the time between their blocks. for bitcoin this time is (because of the way difficulty works) 10 minutes on medium (medium because it can go up and down) but for coins like litecoin it is lower (i think it is 2.5 min for LTC)
Well ask yourself the simple question: Why is Litecoin faster than Bitcoin?
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
The answer is very simple and doesn't have anything to do with its features. It's just that no one uses Litecoin compared to Bitcoin. Less traffic = faster.
People use bitcoin because bitcoin has best developers and the best network effect. Again, simple.
Possible we dont use, bitcoin is well known than litecoin. Still many people are using bitcoin than litecoin. I prefer still to use bitcoin. As bitcoin is popular than litecoin
And thats the reason beyond its not yet been promoted entirely and bitcoin have better exposure the more we introduce ltc the more chances that it will be use in due time but its really hard to change peoples mind set if they already comfortable using btc.
Possible we dont use, bitcoin is well known than litecoin. Still many people are using bitcoin than litecoin. I prefer still to use bitcoin. As bitcoin is popular than litecoin
mass adoption is one of the reason why LTC is not yet prefer in the first place.Although LTC has faster than bitcoin but in terms of popularity bitcoin will dominate.I see in the future that LTC has a good option to replace bitcoin.For me I prefer to use LTC rather than bitcoin.Bitcoin disappoint me in confirming transaction.It will take too long. 
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